《Taiwan?? – Australia ??Economic Ties Field of Opportunity》
Director General David Cheng-Wei Wu and Mrs Wu were pleased to join the annual dinner of Australian Business Summit Council (ABSC), and they appreciated the invitation by its President, Dr. Frank Alafaci.
D.G. Wu received an honorary token at the ceremony to officially launch #EKONOMOS (Issue 6, 2025), in the article D.G. Wu contributed, he highlighted:
1. Taiwan will strengthen national defence
, improve economic security, enhance partnerships with democratic countries, and stablise the cross-strait leadership. Those “Four Pillars of Peace” are our action plan to maintain status quo. We adopt "Integrated Diplomacy” as our foreign policy, which encompasses Value Diplomacy, Alliance Diplomacy, and Economic Diplomacy.
2. Taiwan, from its status of the world's 22nd-largest economy and 16th-largest exporter, will due develop the Five Trusted Industry Sectors - namely, semiconductors, security and surveillance, next-generation communications, Artificial Intelligence (Al), and military. In the meanwhile, Taiwan will seek to achieve net-zero emissions by 2050., via investments on green energy and recycling technologies.
3. Taiwan and Australia ?? share a mutually complementary trade structure, with bilateral trade reaching US$23.4 billion in 2023. Australia is Taiwan's 8th largest trading partner and biggest source of coal and iron ore imports. As Australia has had the experience of falling victim to China's economic coercion, the challenges of risks followed by geopolitical instability makes Taiwan a valuable partner to Australia.
4. Taiwan's membership application to CPTPP deserves careful consideration and support. Taiwan is an indispensable partner in global supply chains and remains committed to collaborating with Australia and its partners to safeguard democracy, shared values, and the rules-based international order in the region. Taiwan is ready to pursue FTA negotiations with Australia. We urge Australia's further support for Taiwan's bid.
